Polyhydroxybutyrate Market Overview and Forecast to 2023:

Polyhydroxybutyrates (PHBs) are members from a family of polyhydroxyalkanoates (PHAs). PHB is a kind of thermoplastic polymer and is completely biodegradable. PHB is used in various end use industries such as pharmaceutical, food, agriculture, automotive, and others due to its good oxygen permeability, non-toxicity, water resistant, and biodegradability. PHB exhibits excellent stiffness and crystallinity, thus long fiber PHB is widely used in car interiors and other automotive parts. PHB find application in the development of implanted medical devices for orthopaedic, dental, hernioplastic, and skin surgeries. PHB based medical devices include biodegradable screws and plates for bone fixation, bioresorbable surgical sutures, wound covering, among others.

The growing demand for PHB market is mainly attributed to the increased environmental concern resulting in consumers’ preference shift toward eco-friendly packaging. A major challenge encountered by manufacturers of PHB is its high cost of production. However, with more investment by market players in the development of new manufacturing processes, the cost may reduce in future.
Petroleum reserves are depleting day by day which is leading to increasing cost of petrochemicals and consequently petrochemical based polymers are becoming expensive which will further boost up the demand for alternative low-cost bio-polymers.
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Segmentation
Segmentation of global polyhydroxybutyrate market is done on the basis of application, end use industry and region. On the basis of application, market is segmented into medical devices, packaging, mulch films, and others. Based on the end use industry, the market is categorized into pharmaceutical, food, agriculture, automotive and others.
Polyhydroxybutyrate possess superior properties such as excellent flexibility, toughness and high biodegradability thus making it suitable for manufacturing bin bags, cling wraps, and bottles for food industry. PHB exhibits non-toxicity and is widely used in the production of mulch films for end use industry such as agriculture. PHB is also used as medical implants and as drug delivery carriers because of its non-toxic nature.
On the basis of region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.
Key players-
 BASF SE
 Biomer
 TianAn Biologic Materials Co., Ltd.
 PHB Industrial S.A
 BIO-ON
 Telles, LLC
 TEPHA INC

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Regional Analysis:

On the basis of region, global polyhydroxybutyrate market segmentation includes its current and estimated demand in Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia Pacific is projected to grow at the highest rate over the forecast period due to increasing demand from end use industries such as pharmaceutical, food, agriculture, and automotive. Among these, the demand for biodegradable plastic is predicted to increase in developing countries such as India, China, and Japan owing to increasing food and pharmaceutical industries in these countries.

Europe has emerged as the largest regional market for biodegradable packaging and paper industry over the last few years. In this region, countries such as Germany, Italy, UK, and Sweden have emerged as leading consumer markets and are expected to witness above average growth over the next few years. North America is expected to witness a steady growth in the usage of biodegradable plastic and paper over the forecast period. U.S is predicted to be the largest PHB market in this region followed by Mexico and Canada. Latin America region is also predicted to witness a positive growth in the use of PHB over the forecast period.
The Middle East & Africa is estimated to witness moderate growth over the forecast period. Increasing technological advancement coupled with implementation of cultivation techniques to enhance crop production is expected to raise product demand in countries including South Africa.

Intended Audience

• Polyhydroxybutyrate manufacturers
• Traders and distributors of polyhydroxybutyrate
• Production process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory

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